Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FTC Solar, Inc. reported the third quarter ended September 30, 2023 results: revenue $30.5 million, net income GAAP net loss was $16.9 million or $0.14 per share, EPS $0.14 per share.
- Period
- the third quarter ended September 30, 2023
- Revenue
- $30.5 million
- Net income
- GAAP net loss was $16.9 million or $0.14 per share
- EPS
- $0.14 per share
- Result
- reported results
Exact text from the filing
--- EX-99.1 Exhibit 99.1 FTC Solar Announces Third Quarter 2023 Financial Results and Leadership Transition Third Quarter Highlights and Recent Developments • Revenue of $30.5 million up 84% y/y, down 5.6% q/q • Continue to improve cost structure, as evidenced by gross margin on sub-scale revenue levels • Project backlog of approximately $1.6 billion, with
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Executive change
SEC 8-K Item 5.02
confidence 1.0
Cathy Behnen was appointed as Chief Financial Officer (interim) at FTC Solar, Inc..
- Action
- appointed
- Role
- Chief Financial Officer (interim)
Exact text from the filing
Additionally, on November 2, 2023, the Board appointed Cathy Behnen, the Company’s Chief Accounting Officer, to serve as the Chief Financial Officer of the Company on an interim basis, effective November 3, 2023.
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Executive change
SEC 8-K Item 5.02
confidence 1.0
Sean Hunkler departed as President and Chief Executive Officer at FTC Solar, Inc..
- Action
- stepped down
- Role
- President and Chief Executive Officer
Exact text from the filing
On November 2, 2023, Sean Hunkler and the Board of Directors of the Company (the “Board”) agreed that Mr. Hunkler would step down from his position as President and Chief Executive Officer of the Company, effective as of such date, with Mr. Hunkler continuing to be employed as an advisor until December in order to ensure a smooth transition.
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Executive change
SEC 8-K Item 5.02
confidence 1.0
Robert Phelps Morris departed as Chief Financial Officer at FTC Solar, Inc..
- Action
- stepped down
- Role
- Chief Financial Officer
Exact text from the filing
Also on November 2, 2023, Robert Phelps Morris and the Board agreed that Mr. Morris would step down from his position as Chief Financial Officer of the Company, effective as of such date, with Mr. Morris continuing to be employed as an advisor until December in order to ensure a smooth transition.
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